Summer is just about halfway over (insert crying emoji here) and we have been busily checking off items from our Summer Bucket List. Last week we had a very successful lemonade stand. My friends and I used to do this every summer growing up and we were lucky if we had 5 customers. Chloe, on the other hand, had 15 people stop in the first 10 minutes! I was shocked by how many people came to support our little entrepreneur.
Once we closed up shop and I had a chance to reflect on the day, I realized there are a lot of life lessons a child can learn from running a lemonade stand:
- It Takes Money to Make Money. Chloe recently turned 4, so she used some of her birthday money to buy the lemonade mix and cookies. She was so excited about the fact that she was buying something with her own money and got to use the self-checkout machine at the food store. Sure I could have just bought the supplies myself, but what would that teach her? She learned that in order to make a profit, you have to spend a little money first.
- Patience. Every time a car drove down the street Chloe would say “Oh look! A Customer!!” Gotta love the confidence haha. Just like any business, there were times that were busier than others. She had to learn to be patient during those idle times.
- Social Skills. Running a lemonade stand forces your child to be polite, friendly, and outgoing. Asking the customer questions about their day and thanking them for coming is so important! These social exchanges also reinforce good manners.
- Hard Work. When you’re preparing your lemonade stand, your child should be involved every step of the way. Even if it would be faster/easier to just do it yourself- resist the urge! It’s more than likely they don’t realize all the work that goes into having a lemonade stand. You have to go buy supplies, make signs, find a good location, measure and mix the lemonade, etc. When your child is involved in all of the preparations, they will realize it’s hard work, but hard work brings great rewards.
- Giving Back. You could also use this experience as an opportunity to teach your child about the importance of giving back to their community. We encouraged Chloe to use some of her profits to buy canned goods we could donate to our church food drive.
Now it’s on to the next item on our bucket list!